Alteryx Inc (NYSE:AYX) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,883,279 shares, an increase of 71.1% from the January 12th total of 1,100,481 shares. Based on an average daily volume of 684,116 shares, the short-interest ratio is presently 2.8 days. Currently, 8.7% of the shares of the company are sold short.
In related news, major shareholder Qualified Master Fund L. Abdiel purchased 75,000 shares of Alteryx stock in a transaction dated Tuesday, December 5th. The stock was bought at an average cost of $25.54 per share, for a total transaction of $1,915,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dean Stoecker sold 20,000 shares of Alteryx stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $25.87, for a total transaction of $517,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,000 shares of company stock valued at $4,196,200.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Alteryx during the 2nd quarter worth approximately $522,000. JPMorgan Chase & Co. increased its stake in shares of Alteryx by 262.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 194,300 shares of the company’s stock worth $3,970,000 after purchasing an additional 140,700 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new position in shares of Alteryx during the 2nd quarter worth approximately $477,000. Engineers Gate Manager LP purchased a new position in shares of Alteryx during the 3rd quarter worth approximately $945,000. Finally, Lord Abbett & CO. LLC increased its stake in shares of Alteryx by 64.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 330,090 shares of the company’s stock worth $6,444,000 after purchasing an additional 129,591 shares in the last quarter. 31.57% of the stock is owned by institutional investors and hedge funds.
Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.64%. The business had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $35.89 million. During the same period last year, the company posted ($0.11) EPS. The company’s revenue was up 54.6% on a year-over-year basis. sell-side analysts predict that Alteryx will post -0.41 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. Cowen lifted their price target on shares of Alteryx from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America lifted their price target on shares of Alteryx from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp reiterated an “overweight” rating and set a $35.00 price target (up from $29.00) on shares of Alteryx in a research report on Thursday. Goldman Sachs Group downgraded shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a research report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of Alteryx from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.80.
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Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
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